Wednesday, December 11, 2013

We sell quilts at discount price...

"So the Bitcoin experience gives us a glimpse of Libertarian paradise:
What life would be like with as little government interference as
possible, in a market free of burdensome laws and taxes.

"Unfortunately, that experience looks like a total nightmare. It's
characterized by radical instability, chaos, the rise of a boss-class of
criminals who assassinate people they don't like, and a mass handover
of wealth to a minority even smaller than the 1% that currently lauds it
in the United States."

Who could imagine that assassins and other criminals would rise to the top in a stateless zone? Well, pretty much anyone not engaged in complete fantasy that calls something being placed beyond the realm of the state regulation "government intervention."